Robin Sold 800 Shares of a Non-Dividend Paying Stock This

question 59

Multiple Choice

Robin sold 800 shares of a non-dividend paying stock this morning for a total of $29,440. She had purchased these shares on margin nine months ago at a cost per share of $35. The initial margin requirement on this stock is 60% and the maintenance margin is 30%. Robin pays 1.2% over the call money rate of 4.9%. What is her total dollar return on this investment?

• A)$816.48
• B)$897.29
• C)$931.41
• D)$1,164.93
• E)$1,440.00

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Definitions:

Misrepresentation

A false statement or lie that deceives, misleads, or misinforms someone, often leading to contractual agreements based on incorrect information.

Contract Voidable

A legal agreement that can be legally declared invalid or unenforceable by one or more of the parties involved due to specific reasons, such as misrepresentation or duress.

Nondisclosure

An obligation not to reveal certain information to unauthorized individuals or parties.

Breach Of Contract

Breaching any of the accepted terms and conditions within a legally binding agreement.